Clarinda Trust & Savings Bank (Clarinda, IA)

Episode Information

Episode UID
9580405691449
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
958040569 hash
Start Date
September 1, 1920*
Location
Clarinda, Iowa (40.742, -95.038)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
efc83246ba40285c

Response Measures

None

Description

Closure occurred circa 1920; receiver active in 1923–1924.

Events (2)
1. September 1, 1920* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had failed/closed circa Sept 1920 and remained defunct, requiring receiver and partial payments to depositors.
Newspaper Excerpt
The bank closed three years ago
Source
newspapers
2. * Receivership
Newspaper Excerpt
C. W. Kelley, Receiver of Clarinda Trust and Savings Bank
Source
newspapers

Newspaper Articles (2)
1. September 11, 1923 The Omaha Morning Bee Omaha, NE
Article from The Omaha Morning Bee, September 11, 1923

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Article Text

Depositors to Get Payments. Clarinda, Ia., Sept. 10.-By decree of District Judge Earl Peters the stockholders of the defunct Clarinda Trust and Savings bank are assessed 100 per cent of the amount of stock owned, money to be paid in full to depositors. The total amount is for $70,666.67. The bank closed three years ago, since which time two partial payments have been made. A number of stockholders are opposing the receiver's application to satisfy depositors.

2. February 14, 1924 The Kevin Review Kevin, MT
Article from The Kevin Review, February 14, 1924

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Article Text

FOR SALE One Improved Powers Drilling Machine, engine equipped, for drilling 1000 feet. If interested in a machine of this kind, priced right to sell, may either see the machine at the Axel Swenson place nine miles West of Kevin, or write C. W. Kelley, Receiver of Clarinda Trust and Savings Bank, 40-4t Clarinda, Iowa. FOR SALE CHEAP-One thousand feet of 7-8 inch drilling line. For further particulars see O. T. Groves at Gladys Belle camp, 18-35-2 W. 40-2t